The global flat glass market is forecast to be $1800+ billion in 2024
The flat glass market is valued at US$108.51 billion in 2018 and is expected to reach US$180.79 billion in 2024. The compound annual growth rate for the 2019-2024 forecast period is 9.33%.
The use of hollow flat glass is increasing because it reduces pollution, saves energy, and improves the comfort of the interior of the building. Enhancements in the sound and thermal insulation of these products are expected to drive demand.
With the acceleration of urbanization, the prosperity of the real estate industry, the use of solar energy products and product innovation, the growth of this market has been promoted. Due to the dependence on renewable energy and subsidies for energy storage, more and more solar markets are driving the development of flat glass, accelerating the market demand for glass.
Since only a few products involve the production of flat glass, other products are irreplaceable. However, fluctuations in raw material prices, coupled with weak supply chain management, have had a considerable impact on the overall price of flat glass products and have also challenged market growth.
Flat glass is produced in a flat form and has important applications in the curtain wall, windshield, doors and windows, car windshield and window of the construction industry.